New Delhi: The US team is likely to visit India next month for trade talks with their counterparts here, Commerce and Industry Minister Piyush Goyal said on Thursday. The Indian side visited Washington, DC, in April for an in-person round of meetings with their US counterparts to finalise the details of the interim pact and…
The Sell-Off Was Never About AI, Taxes or the Rupee. It Was About Transparency For nearly two years, India’s financial discourse has been dominated by one carefully manufactured narrative: Foreign Institutional Investors (FIIs) are leaving India because the country supposedly lacks cutting-edge AI companies, because taxes became unattractive, because the rupee weakened, and because global…
New Delhi: Reliance Industries Limited (RIL) and two other foreign firms on Wednesday told the Supreme Court that they would write to the Centre for mediation in the Krishna-Godavari basin gas migration dispute. The matter was mentioned before a bench of Chief Justice Surya Kant and Justices Joymalya Bagchi and Vipul M Pancholi. “All the…
New Delhi: India’s inflation debate appears to be entering a complicated phase. On the surface, retail inflation appears under control, giving consumers and policymakers some relief. But beneath that, wholesale prices rose sharply in April, even before petrol and diesel prices were increased. The Rs 4 per litre increase in fuel prices in two installments…
New Delhi: Petrol and diesel prices were increased by 90 paise per litre on Tuesday, the second increase in less than a week. Petrol price was hiked to Rs 98.64 a litre from Rs 97.77 per litre in the national capital. Diesel now costs Rs 91.58 a litre against Rs 90.67 previously, according to industry…
Washington: The United States has extended by a month a waiver from sanctions on Russian oil already at sea, according to an official statement. The US Department of the Treasury issued an order on Monday extending the waiver from sanctions on Russian oil stranded at sea on or before April 17 through June 17. “Effective…
The Indian judiciary today stands at a dangerous crossroads. Not because critics from outside are attacking it. Not because politicians are questioning verdicts. But because deeply unsettling observations are now emerging from within the legal fraternity itself — from people who have spent decades inside courtrooms, watching the system function from close quarters. When a…
Bhubaneshwar: Volatility has shot up in the financial markets due to the ongoing West Asia conflict, but the Indian bourses have the capacity to “absorb different types of shocks”, Sebi Chairman Tuhin Kanta Pandey said on Monday. When there is a crisis in one part of the world, it also impacts the rest of the…
New Delhi: The government’s fertiliser subsidy bill for 2026-27 may surge by Rs 70,000 crore to Rs 2.41 lakh crore, driven by rising import costs of urea and other fertilisers amid the ongoing West Asia crisis, a senior official said on Monday. Aparna S Sharma, Additional Secretary, Department of Fertilisers, on the sidelines of inter-ministerial…
Imagine you are a central bank governor. Your currency is in freefall, down 20% in three months. Inflation is surging. But your government has billions in bonds maturing next month, and nobody wants to buy them. You have one tool: interest rates. Raise them to save the currency, and the bond auction fails. Cut them…
